The following data is available for Wheels 'N Spokes Repair Shop for 2013: $$\begin{array} { l r }
\text { Repair technicians' wages } & \$ 360,000 \
\text { Fringe benefits } & 80,000 \
\text { Overhead } & 60,000 \
\text { Total } & \$ 500,000
\end{array}$$ The desired profit margin is $40 per labor hour.The material loading charge is 40% of invoice cost.It is estimated that 5,000 labor hours will be worked in 2013.
-Wheels 'N Spokes' labor charge in 2013 would be
A)$100.
B)$112.
C)$128.
D)$140.

Question

The following data is available for Wheels 'N Spokes Repair Shop for 2013: $$\begin{array} { l r } 
\text { Repair technicians' wages } & \$ 360,000 \
\text { Fringe benefits } & 80,000 \
\text { Overhead } & 60,000 \
\text { Total } & \$ 500,000
\end{array}$$ The desired profit margin is $40 per labor hour.The material loading charge is 40% of invoice cost.It is estimated that 5,000 labor hours will be worked in 2013. 
-Wheels 'N Spokes' labor charge in 2013 would be
A)$100.
B)$112.
C)$128.
D)$140.

Quizplus · Accepted Answer

The Answer of The following data is available for Wheels 'N Spokes Repair Shop for 2013: $$\begin{array} { l r } 
\text { Repair technicians' wages } & \$ 360,000 \
\text { Fringe benefits } & 80,000 \
\text { Overhead } & 60,000 \
\text { Total } & \$ 500,000
\end{array}$$ The desired profit margin is $40 per labor hour.The material loading charge is 40% of invoice cost.It is estimated that 5,000 labor hours will be worked in 2013. 
-Wheels 'N Spokes' labor charge in 2013 would be
A)$100.
B)$112.
C)$128.
D)$140.

The Following Data Is Available for Wheels 'N Spokes Repair